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In 2003, the market price for a 3,000 square foot home in South Tampa, Florida was $350,000 and 358 new homes were built. In 2004, the market price for a 3,000 square foot home in South Tampa, Florida increased to $385,000 and, holding all else equal, 534 new homes were built. Using the midpoint method, what is the elasticity of supply for new homes in South Tampa.
A European Call Option on a non dividend paying stock where stock value is $40, the strike price is $40, the risk-free rate is 4 percent per annum, the volatility is 30 percent per annum,
How has the number of payroll jobs changed over the last 3 months and over the last year How does your state's performance compare to the U.S. economy's performance over the last year What explanations have been offered in the press How accurat..
Some politicians have suggested that the U.S. enact a constitutional amendment requiring that the federal govt balance its budget annually. Explain why such an amendment, if strickly enforced, would force the govt to enact a contractionary fiscal ..
Thoughts on aggregated expenditures. We learned that GDP = C + I + G + Xn. At this point we are focused on a private, closed (no international portion) economy. And how do you find the actual values for the US for this particular question.
Economists are in almost universal contract that Free Trade is good for all nations. Explain why are they in such universal contract?
What is the spot exchange rate, E$/CD? Assuming that interest rates and expectations about the future exchange rate remain unchanged, will the spot exchange rate change over time?
The UK entered the European Exchange Rate Mechanism (ERM) in October 1990 at 2.95 Deutsche mark per pound and agreed to keep the pound within a range of ±6% against other member currencies of the ERM.
Suppose that in Canada opportunity cost of manufacturing 2 television sets is 3 bushels of wheat. Suppose that in the United States the opportunity cost of manufacturing 2 bushels of wheat is 3 television sets.
You work for a firm on Wall Street that specializes in mergers, and you are the team leader in charge of getting approval for a merger between two major beer manufacturers in the United States. While Table 7-2 in the text indicates that the four-f..
Justine would like to clarify her understanding of a code section recently enacted by Congress. What tax law sources are available to assist Justine?
American unions often try to win public support for boycotting goods made in less-developed countries by workers who work very long hours at low pay in unhealthy conditions. If successful, will these efforts unambiguously help the targeted foreign..
Sydney is wants to start a new business, but would have to give up a job with a total compensation of $100,000 every year. After researching the new business opportunity, Syndey created following estimates.
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